WiseTech’s billionaire founder Richard White cleared of allegations by company review

Company’s shares sink with revised revenue outlook in wake of former CEO’s high-profile resignation last month

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A company-ordered review into Richard White, the embattled billionaire founder of Australian software giant WiseTech, has cleared the former chief executive of bullying and intimidation allegations.

The law firms that reviewed a series of allegations against White, including alleged misuse of company funds, also concluded that their investigations had uncovered “no impropriety”, according to an update presented to shareholders on Friday.

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